Extending the Learning – Blog Series

          Bowie Bonds       Name Institution Course Details Instructor Date   Bowie Bonds ·        In 1997, David Bowie released the so-called Bowie Bonds, which were a new financial structure financed by his music royalties (World International Property Organization, 2016). ·        The issuance issued securities worth US $55 million by securitizing royalties to 25 albums recorded prior to 1990 (approximately 287 songs) (Chen, 2025). ·        Key terms: 10-year maturity, interest coupon ~7.9 % (Chen, 2025). ·        The bonds were asset-backed securities: the revenue streams of the catalogues of the future were used as the collateral (World International Property Organization, 2016). ·        Proceeds usage: Bowie spent part of the money to repurchase hi...